Comp En De Mn Cemig – Consensus Indicates Potential 19.0% Upside

Broker Ratings

Comp En De Mn Cemig with ticker code (CIG) now have 3 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 2.99 and 2.9 with a mean TP of 2.94. Now with the previous closing price of 2.47 this indicates there is a potential upside of 19.0%. The day 50 moving average is 2.44 and the 200 day MA is 2.37. The company has a market cap of $4,686m. Find out more information at: https://www.cemig.com.br

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2020, the company operated 89 hydroelectric, wind, and solar plants with an installed capacity of 6,000 MW; 339,086 miles of distribution lines; and as of January 27, 2021, it operated 4,374 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.

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